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|  | 3.5.1 |  | the relevant Seller shall promptly notify the relevant Purchaser of such
damage and whether in the relevant Seller’s view such damage can be repaired prior to
the applicable Scheduled Closing Date or any other date as agreed between the parties; |
|  |
|  | 3.5.2 |  | the relevant Purchaser shall in light of the relevant Seller’s notice, notify
the relevant Seller whether the relevant Purchaser is prepared to proceed subject to
the damage being repaired to the relevant Purchaser’s satisfaction prior to the
applicable Scheduled Closing Date or any other date as agreed between the parties. If
the relevant Purchaser is prepared to proceed on the basis of the repair, the relevant
Seller shall procure the timely repair to the relevant Purchaser’s reasonable
satisfaction. However if (i) the repair is not so completed and the relevant Aircraft
is not delivered to the relevant Purchaser on or before the applicable Scheduled
Closing Date or any other date as agreed between the parties or (ii) the relevant
Purchaser notifies the relevant Seller in writing that the relevant Purchaser is not
prepared to proceed on the basis of the repair, the relevant Seller shall refund the
relevant Deposit plus interest in accordance with the provisions of Clause 5.2.2 to the
relevant Purchaser within three (3) Business Days from the date of notice by such
Purchaser, then none of the parties to this Agreement shall have any further obligation
or liability with respect to such Aircraft under this Agreement to any of the other
parties to this Agreement other than as set out in Clause 12.8 and Clause 4.3. |